Where does the Hyatt hotel name come from?
The Hyatt Corporation was born upon purchase of the Hyatt House, at Los Angeles International Airporton September 27, 1957. The Hyatt Hotel Los Angeles which opened Dec 1st, 1954 is considered to be the first hotel in the world built outside of an airport. The original owners were entrepreneurs, Hyatt R. von Dehn (a Dutchman) and Jack D. Crouch. Hyatt R. von Dehn was eager to get out of the hotel business after a few years, so he sold his share in the hotel to Jay Pritzker. Mr Pritzker heard the hotel was for sale while sitting in its coffee shop called 'Fat Eddie's' waiting for a flight. He scribbled a bid for $2.2 million dollars on a napkin, and the Hyatt Corporation was born.[citation needed](That's the equivalent of $15,770,581 in 2006). Jay Pritzker and Jack Crouch remained partners until 1965, opening airport hotels in several cities including San Francisco, Seattle, and San Jose. Jack stepped away from Hyatt to pursue other hotel ventures, while Jay and his younger brother, Don continued to run Hyatt.
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